Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are maintaining stability on December 19, 2023, with a continued reluctance to sell on the supply side, and the market sentiment remains supportive. 

As of December 20, 2023, the overall focus of the Chinese molybdenum market has noticeably shifted upwards. Influenced by factors such as satisfactory downstream demand and a favorable international molybdenum market, suppliers' willingness to hold off sales and support prices has generally increased. 

As of December 20, 2023, the overall Chinese rare earth market is maintaining a relatively weak operation. Specifically, there is a decrease of approximately 6,000 yuan/ton for praseodymium-neodymium oxide, a decrease of approximately 5,000 yuan/ton for praseodymium-neodymium metal, and a decrease of approximately 2,000 yuan/ton for gadolinium oxide. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices remained stable when the market continued to be influenced by the ongoing negotiation dynamics between supply and demand fundamentals and spot transactions.